All-India cotton arrivals down at 3,300 bales as on 28 July.
Cotton acreage at 11.16 mln ha as of 27 July, up 21% on yr.
Cotton acreage at 11.16 mln ha as of 27 July, up 21% on yr.
Bajra acreage at 6.1 mln ha as of 26 July, up 22.5% on year.
Bajra acreage at 6.1 mln ha as of 26 July, up 22.5% on year.
USDA reported a private export of 0.15 MMT of corn to Columbia for the 2017/18 MY.
USDA reported a private export of 0.15 MMT of corn to Columbia for the 2017/18 MY.
Zambia agree to sell 0.1 MMT of maize to East Africa.
Zambia agree to sell 0.1 MMT of maize to East Africa.
EU lifts corn import forecast for 2017-18 to record high.
EU lifts corn import forecast for 2017-18 to record high.
Bangladesh to buy rice.
Bangladesh to buy rice.
India asks EU to allow duty free exports of all basmati rice varieties.
India asks EU to allow duty free exports of all basmati rice varieties.
Tie-up for Indian rice farming in Ghana.
Tie-up for Indian rice farming in Ghana.
Egypt’s supply ministry estimate that country will import 7 MMT of wheat during 2017/18 MY vs 6.2 MMT LY.
Egypt’s supply ministry estimate that country will import 7 MMT of wheat during 2017/18 MY vs 6.2 MMT LY.
Weather conditions in Ukraine still not entirely favorable for crops.
Weather conditions in Ukraine still not entirely favorable for crops.
Canadian wheat decline with US futures.
Canadian wheat decline with US futures.
Wheat prices up in Delhi on high demand; down on NCDEX.
Wheat prices up in Delhi on high demand; down on NCDEX.
Food Corp to auction 2,485 tonne tur via NCDEX e-markets.
The Food Corp of India has offered 2,485.48 tonne tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Rampur and Itarsi in Madhya Pradesh.
Tur up in Akola as arrivals halve, demand improves.
Tur prices in the benchmark market of Akola rose as arrivals halved amid an improvement in demand from millers. In Akola, Maharashtra, prices were up 150 rupees from previous close.
NCDEX chana up as arrivals halve in spot market.
Futures contracts of chana on the NCDEX rose over 2%, tracking a fall in arrivals along with improved demand from dal millers and stockists. On the NCDEX, the most-active September contract of chana traded up 2.37% from previous close.
Source says govt may lift ban on export of pulses to support prices.
The government is planning to lift a decade-long ban on export of pulses in order to address the glut and support prices in the domestic market. India had banned export of pulses a decade ago when supply shortage had pushed prices of tur, urad, and moong to record-high levels. Since then, India production remained in a range of 17-20 million tonne, while consumption was stronger at 22-24 million tonne, thereby forcing the country to import pulses. In 2016-17, however, India is estimated to have produced over 21 million tonne of pulses, a record high. On top of that, imports have also surged to nearly 6 million tonne, leaving a surplus of 2-3 million tonne, a first in many years. Sources said the Centre is also considering a hike in import duty of tur from the current 10% and may mull imposing the levy on other pulses as well.
CBOT soybeans drop on Midwest weather outlook.
Chicago Board of Trade soybean futures fell on forecasts for cool weather in the U.S. Midwest that aid crop development in the region. Soymeal futures also weakened but closed above session lows after the September contract found support at its 100-day moving average. Soyoil rose on follow-through buying from a sharp rally.
NAFED buys 52 tonne sunflower seed in Odisha so far.
The National Agricultural Cooperative Marketing Federation of India has procured 52 tonne of sunflower seed under the price support scheme in Odisha as of Friday. The procurement drive, which started on Wednesday, is underway in Eram district and 72 farmers have benefitted from it. The agency has started procuring the crop from growers as market prices have fallen below the minimum support price of 3,950 rupees per 100 kg, inclusive of a bonus of 100 rupees. The agency has wound up its sunflower seed procurement in Haryana and Telangana.
GM mustard commercial launch decision likely by Sep, govt tells SC.
The Centre informed the Supreme Court that a decision on the commercial release of genetically modified mustard seed is likely to be taken in September, as farmers typically begin sowing the crop in October. If the decision is in favour of the release, then it will hear the plea against the commercial launch of genetically modified mustard seed in the second week of September. Right now, the government has only 15 kg of GM mustard seed, enough to cultivate about 10 ha, but the environment damage that these 15 kg seeds alone will do in the long run will be irreversible.